Share price of Zee Ent. falls as Sensex gains 30.4 points

economictimes.indiatimes.com:

Zee Entertainment Enterprises Ltd. dropped 1.7 per cent to Rs 155.65 at 01:59PM (IST) in Monday's trade. The stock hit a high of Rs 159.95 and low of Rs 154.85 so far during the session. The stock had closed at Rs 158.35 in the previous session.
The counter had a total traded volume of 01:59PM shares so far with a turnover of Rs 8.04 crore on BSE. The stock traded at a price-to-earnings multiple of -220.02 and a price-to-book ratio of 1.9.

A higher P/E ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.
The price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.
Zee Entertainment Enterprises Ltd. belongs to the TV Broadcasting & Software Production industry.
Promotor/FII Holding Promoters held 3.99 per cent stake in the company as of 31-Dec-2023, while FIIs and domestic institutional investors ownership stood at 28.19 per cent and 43.41 per cent, respectively.
Key Financials The firm reported consolidated net sales of Rs 2073.36 crore for the quarter ended 31-Dec-2023, down 17.38 per cent from the previous quarter's Rs 2509.57 crore and down 2.53 per cent from the year-ago quarter's Rs 2127.23 crore.
Its profit for the latest quarter stood at Rs 58.54 crore, up 140.71 per cent from the same quarter a year ago.